In the Press - LFP I

LFP 1 Investor Co-ordination

click here and email us if you are an LFP I SICAV investor..
LFP I SICAV sub-funds Aventor, Blackstar Commodities, Columna Commodities, Equity Power Fund, all suffer major losses (totalling over € 100 million) in strikingly similar ways!!

We have issues with how this umbrella fund was directed/managed/advised/administered/audited/regulated.

As newly appointed directors of LFP I, we are targetting the management and service providers as well as those who embezzled the investor funds :-

  • The Luxembourg Regulator ("CSSF") - despite observing major breaches of diversification and non-compliance with investment guidelines in 2015 onwards, failed to act - then obstructed the new directors in their fraud investigations and failed to follow up fraud reports and criminal complaints.
    Sued for € 99.2 million damages for gross negligence.
  • Luxembourg Fund Partners ("LFP") - oversaw due diligence, compliance and managed the fund, with 4 alleged Ponzi scheme sub-funds.
    2 former owners/directors Leleux and Renaux were also directors of LFPI SICAV.
  • Alterdomus, new owner of LFP - real estate specialist who never inspected EPF properties or checked ownership... Refusal to hand over investment records to new Board of Director re EPF Ponzi scheme..
  • YAS - Columna Advisor, connected to BStar, the biggest creditor/black hole of Columna
  • Urban Capital Group - property developer to Equity Power Fund, 50% losses due to stolen properties and embezzlement. Dewaegenaere jailed June 2020 for financial fraud.
  • Blackstar Capital Partners - commodity finance advisor, earned undeclared commissions on most investments in Blackstar Commodities Fund, despite calamitious losses.
    Owner Mark Stephens was also director of LFPI SICAV.
  • JJ Noomen / Equity Experts - promoter to Equity Power Fund, with access to bank statements so placed shares for 5% commission whilst the investment funds only flowed out to Dewaegenare and Caes.
  • Apex Malta - administrator, and undeclared shareholder with directors in LFP, the Manager ??
  • PWC - auditors in Luxembourg & Hong Kong, ignored the liquidity and asset parameters of the fund!! Failed to spot 4 Ponzi schemes.. Auditor to LFP, knew the conflict with Apex as a shareholder with directors and in same building..
  • ABN Amro/BGL BNP Paribas - Custodian & Depository, remitted Columna investment monies to unauthorised counterparties, resulting in major losses.
  • KBL/Quintet - Custodian & Depository, remitted € 8 million for EPF properties it never took title to...
  • SocGen - Custodian & Depository, failed to protect the financial assets of the fund!! Sent US$ 9 million from Columna to the wrong accounts in wrong countries with insider help!! Direct refusal to provide the investigating directors with the bank statements during its period as custodian to the fund.

(12/2/21) Lux Times - LFP I funds firm at centre of criminal investigation
(2/2/21) Belgian Court convicts & bankrupts Levi Dewaeganaere, Equity Power Fund real estate advisor for Alter Domus
(18/1/21) Times of Israel article re Equity Power Fund and the Israeli investors
(9/1/21) Alter Domus ex-real estate fund now under judicial protection
(18/12/20) Lux Times - Investors sue CSSF for not protecting against losses
(11/12/20) LFP I files against Luxembourg regulator CSSF for gross negligence
(3/12/20) LFP I files against Alter Domus over Blackstar Commodities
(24/11/20) Lux Times - LFP1 left without a board of directors after voting
(23/11/20) Lux Times - shareholder battles for control
(23/10/20) CSSF sued for gross negligence, € 100 million damages sought
(14/9/20) Financial Times - Luxembourg financial watchdog sharpens teeth after criticism
(3/9/20) Alter Domus sued over Ponzi scheme Equity Power Fund mismanagement
(11/8/20) Whistleblower/Director Mapley files appeal against CSSF punitive measures
(9/7/20) Court sentences director linked to EPF fraud case
(30/6/20) Equity Power Fund advisor Dewaegenaere jailed for financial fraud
(22/6/20) Columna claim against ABN Amro filed for US$ 37.55 million
(3/6/20) CSSF suspend whistleblower fund director
(26/5/20) Director Mapley statement re CSSF attack
(25/5/20) CSSF suspends Whsitleblower/Director Mapley
(19/4/20) Investment Officer - CSSF fails to enforce fund regulation
(19/3/20) The Luxembourg walls that seem to shelter financial fraud
(6/3/20) LFP I Press Release - LFP sues custodian Quintet for €8 million of losses
(25/2/20) Paperjam - La CSSF dans le viseur des administrateurs d’un fonds
(24/2/20) Financial Times - Luxembourg regulator accused of failing to protect investors
(30/1/20) Luxembourg Times - Law firm A&O told to drop client over conflict of interest
(22/1/20) LFP I Press Release - LFP increases Columna claims against Socgen to $47 million
(2/1/20) LFP I Press Release - LFP sues ex-directors for €53 million Columna losses
(18/12/19) LFP I Press Release - LFP sues ABN Amro over $10 million Columna losses
(6/12/19) LFP I Press Release - LFP sues ex-directors, administrators over Aventor Ponzi scheme
(12/11/19) Luxembourg Times - LFP sues PWC over Aventor Ponzi scheme audits
(16/10/19) Expert Investor - LFP sues Urban Capital Group over Equity Power Fund fraud
(28/8/19) Luxembourg Times - LFP accuses Belgian businessman, says millions missing
(3/8/19) Belgian Times Times - Investigation into fraud with Belgian real estate
(26/4/19) Expert Investor - LFP sues Alter Domus, for $55 million over Columna
(18/4/19) Reuters - LFP sues Alter Domus, for $55 million over Columna
(19/4/19) Delano - LFP sues Alter Domus, for $55 million over Columna
(28/1/19) Press report - LFP sues SocGen, ex-custodian, for $9 million
(17/1/19) International Adviser - Investment firm takes fund manager battle to Luxembourg court (10/9/18) International Adviser - Investigator steps up pressure on scam Sicav fund
(20/8/18) Expert Investor - Columna fund investigator calls for Lux. regulator action
(30/7/18) International Adviser - Failed Columna fund sets up task force
(20/7/18) Expert Investor - Failed Columna fund targetted by financial investigator

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